Maricopa, Arizona Property Taxes
The median property tax rate in Maricopa, AZ is 0.91%, slightly lower than the national median of 0.99% but significantly higher than the Arizona state median of 0.56%. With a median home value of $83,400 in Maricopa, the typical annual property tax bill amounts to $851, which is considerably below the national median of $2,690. Property taxes in Maricopa are calculated based on the tax-assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Maricopa's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Maricopa or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maricopa, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$759
Ownwell’s Maricopa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maricopa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maricopa to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Maricopa, Arizona
Property taxes in Maricopa, Arizona, play a critical role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maricopa is 0.91%, which is below the U.S. national median of 0.99%. Local government entities within Maricopa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maricopa estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Maricopa's effective property tax rate to other counties in Arizona and the national median. For comparison, the 85139 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Maricopa provides valuable insights into the varying tax landscape across Maricopa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maricopa Tax Rate
0.91%
Average Maricopa County Tax Rate
0.52%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maricopa, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85139 | 0.57% | 0.79% | 0.91% | 1.15% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Maricopa, Arizona
In Maricopa, Arizona, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Maricopa County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Maricopa, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Maricopa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 85139 has the highest and lowest median tax bill at $851.
Average Maricopa Assessed Value
$83,400
Average Maricopa County Assessed Value
$328,300
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maricopa, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85139 | $47,320 | $67,450 | $83,400 | $136,150 | $269,550 |
Source: Ownwell
Property Tax Bills Across Maricopa, Arizona
Property tax bills in Maricopa, AZ, are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value typically reflects a percentage of the market value of the home. For Maricopa, the median home price stands at $83,400. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's assessed value, applicable exemptions, and the specific tax rate set by local authorities. Homeowners in Maricopa can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $675, while at the 75th percentile, it rises to $1,237. At the 90th percentile, it can reach up to $1,639. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Understanding these factors helps homeowners anticipate their financial commitments and plan accordingly.
Average Maricopa Tax Bill
$851
Average Maricopa County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Maricopa, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85139 | $379 | $675 | $851 | $1,237 | $1,639 |
Source: Ownwell